Loop Capital Upgrades Sea Limited to Buy From Hold, Hikes Price Target to $92 From $59
Southeast Asian tech giant Sea Limited could see a turnaround toward profitable growth, said Loop Capital.Analyst Rob Sanderson upgraded shares to buy from hold. He also hiked his price target to $92 from $59, suggesting shares rallying 48.3% from where they closed on Tuesday.The company, which has e-commerce, financial services and gaming businesses, has struggled with valuation pressure over the last two years due to share loss to TikTok and strong competition, Sanderson said. However, it post